Alaska Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-174D
• Format: Word; Rich Text

Description

20-174D 20-174D . . . Restricted Stock Incentive Plan under which Compensation Committee selects participants, determines number of shares of common stock covered by each grant, establishes appropriate performance measures, and chooses appropriate corporation peer group. The number of shares granted is equal to a percentage of participant's base salary for first calendar year of each three-year program. The base salary percentage target of first three-year grants range from 10% to 35%; maximum base salary grant permitted by Plan may not exceed 70% of participant's base salary. After end of a Performance Period, Committee determines adjustments, if any, that are required to be made to share grants for Performance Period based on actual results under Performance Measures (performance of corporation versus its peer group) for such Performance Period. After adjustments, restrictions on shares held by participant are lifted as to 1/3 on July 1 immediately following Performance Period and additional 1/3 increments on the first and second anniversaries of such July 1, provided participant is still employed by corporation on such date. If participant ceases to be employed by corporation before restrictions lapse on shares held by him or her, shares still subject to restrictions are immediately forfeited The Alaskan Long Term Performance and Restricted Stock Incentive Plan is a comprehensive compensation program administered by INALCOL Enterprises, Inc., a leading company in the energy sector. Designed to attract and retain top talent, this plan offers various benefits and rewards that align with the company's long-term growth objectives. The Alaska Long Term Performance and Restricted Stock Incentive Plan comprises multiple components, each tailored to fit the specific needs and requirements of eligible employees. These components aim to motivate, incentivize, and reward employees for their outstanding performance and contributions. 1. Performance-Based Stock Awards: Under this component, eligible employees are granted stocks based on a predetermined set of performance goals. By linking stock rewards to quantitative or qualitative objectives, this plan encourages employees to excel and drive the company towards achieving its strategic targets. 2. Restricted Stock Units (RSS): RSS are another key aspect of the Alaska Long Term Performance and Restricted Stock Incentive Plan. These units represent a specific number of shares that are granted to employees, subject to certain restrictions. With RSS, employees have the potential to receive the underlying stock after a vesting period or upon the achievement of predetermined performance targets. 3. Stock Options: The plan may also include stock options, offering eligible employees the right to purchase a specific number of company shares at a predetermined price (the exercise price) within a specified time frame. This component provides employees with an opportunity to share in the future growth of INALCOL Enterprises, Inc. 4. Performance Units: In some cases, the plan may feature performance units, which are similar to RSS but awarded in units rather than shares. These units are tied to specific performance metrics, and upon meeting the conditions, employees may receive cash or stock rewards. It is important to note that the Alaska Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc., can have variations or specific provisions based on individual employee agreements, seniority, functional role, and other factors. This flexibility allows the plan to adapt to the unique needs of diverse employees and ensure equitable rewards for their efforts. In summary, the Alaska Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc., is a robust compensation program that combines performance-based stock awards, restricted stock units, stock options, and performance units to motivate and reward employees who contribute to the company's long-term success.

The Alaskan Long Term Performance and Restricted Stock Incentive Plan is a comprehensive compensation program administered by INALCOL Enterprises, Inc., a leading company in the energy sector. Designed to attract and retain top talent, this plan offers various benefits and rewards that align with the company's long-term growth objectives. The Alaska Long Term Performance and Restricted Stock Incentive Plan comprises multiple components, each tailored to fit the specific needs and requirements of eligible employees. These components aim to motivate, incentivize, and reward employees for their outstanding performance and contributions. 1. Performance-Based Stock Awards: Under this component, eligible employees are granted stocks based on a predetermined set of performance goals. By linking stock rewards to quantitative or qualitative objectives, this plan encourages employees to excel and drive the company towards achieving its strategic targets. 2. Restricted Stock Units (RSS): RSS are another key aspect of the Alaska Long Term Performance and Restricted Stock Incentive Plan. These units represent a specific number of shares that are granted to employees, subject to certain restrictions. With RSS, employees have the potential to receive the underlying stock after a vesting period or upon the achievement of predetermined performance targets. 3. Stock Options: The plan may also include stock options, offering eligible employees the right to purchase a specific number of company shares at a predetermined price (the exercise price) within a specified time frame. This component provides employees with an opportunity to share in the future growth of INALCOL Enterprises, Inc. 4. Performance Units: In some cases, the plan may feature performance units, which are similar to RSS but awarded in units rather than shares. These units are tied to specific performance metrics, and upon meeting the conditions, employees may receive cash or stock rewards. It is important to note that the Alaska Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc., can have variations or specific provisions based on individual employee agreements, seniority, functional role, and other factors. This flexibility allows the plan to adapt to the unique needs of diverse employees and ensure equitable rewards for their efforts. In summary, the Alaska Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc., is a robust compensation program that combines performance-based stock awards, restricted stock units, stock options, and performance units to motivate and reward employees who contribute to the company's long-term success.